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key links between pollution, human health, and labor productivity. Together, these assumptions imply that the benefits of … regulation to provide benefits through several different channels, including improved health or productivity. The model shows … that when the benefits of reduced pollution come in the form of improved health or productivity, the benefits do affect …
Persistent link: https://www.econbiz.de/10013221285
finding, arguing that the health benefits from reduced pollution will also interact with pre-existing taxes, possibly causing … for health effects by representing environmental quality and leisure as substitutes in utility. The present paper employs … considers health effects. It shows that interactions with health effects from pollution actually will tend to reduce the optimal …
Persistent link: https://www.econbiz.de/10013221508
economic measures would change if they adequately reflected improvements in health status. The study first discusses the theory … health status of the population. The present study develops a methodology and presents preliminary estimates of how standard … concept called 'health income' that can be used to incorporate improvements in health status. The study next discusses how the …
Persistent link: https://www.econbiz.de/10013248536
The main goal of this paper is to develop an empirical framework for evaluating the patient welfare benefits arising from pharmaceutical innovation. Extending previous studies of the welfare benefits from innovation (Trajtenberg, 1990; Hausman, 1996), this paper unpacks the separate choices made by...
Persistent link: https://www.econbiz.de/10013230589
OPM counts health benefits or assets as resources. Validation studies suggest that subtracting MOOP from resources worsens … based on a 1995 NAS report that recommended a health-exclusive poverty measure, despite considering it, conceptually, a … "second best" to a Health-Inclusive Poverty Measure (HIPM). We analyze the reasons for the NAS recommendation and argue that …
Persistent link: https://www.econbiz.de/10013064306
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012760644
In this paper, we propose a new measure of horizontal equity that overcomes many of the shortcomings of previous proposed measures. Our starting point is the observation that a well-behaved social welfare function need not evaluate global' (vertical equity) differences in after-tax income using...
Persistent link: https://www.econbiz.de/10013237932
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …
Persistent link: https://www.econbiz.de/10013121063
conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …
Persistent link: https://www.econbiz.de/10013130264
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers and costly default. We show that prepayment penalties improve welfare by ensuring longer-term lending contracts, which prevents the mortgage pools from becoming disproportionately...
Persistent link: https://www.econbiz.de/10013135393